Is Folsom, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Folsom has remained a Seller's Market.
Housing Prices in Folsom, LA
How much do homes in Folsom, LA cost?
Median Sold Price
$400,000
$180/sqft
Based on all homes sold in February 2024.
Difference Since Last Month
Summary: The median home sold price in Folsom was $400,000 in February 2024, up 171.3% from last month, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $149.9K | - | N/A |
2 Bedrooms | $120K | - | N/A |
3 Bedrooms | $304K | $400K | +31.6% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Folsom housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 31.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Folsom, LA
How many homes are available in Folsom, LA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 23 | +4.5% |
Summary: The Folsom real estate market had 23 homes for sale in February 2024, a 4.5% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Folsom housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Folsom in February 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Folsom, LA
How long does it take to sell a home in Folsom, LA?
Average Sale Time
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 Days | 172 Days | +195.6% |
Summary: Homes in Folsom had an average of 172 days on market in Feb 2024, up by 195.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Folsom; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.